Tether CEO breaks down reserves backing USDT stablecoin
The Wall Street Journal cited unnamed individuals as the source of the claims that the United States government is investigating Tether. Go to Source
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Tether CEO Breaks Down $9.45B in BTC and Gold Reserves, but It’s Only Part of the Picture
At the Plan ₿ Forum in Lugano, Switzerland, Tether CEO Paolo Ardoino gave an insight into the financial reserves of Tether, disclosing that the stablecoin heavyweight holds 82,454 BTC and 48.3 tons of gold. Paolo Ardoino Clarifies Tether’s Asset Reserves Following Forum Presentation This week, tether’s market cap soared past $120 billion, making it about … Read more
Bitcoin bulls ‘in control’ as long as price holds above $66.5K: Analysts
Bitcoin solidifying its position “above all key moving averages” suggests that bulls are “firmly in control” as long as the price holds above $66,500. Go to Source
Ethereum nodes on phones, Tether market cap tops $120B: Finance Redefined
Tether’s record market capitalization signals the potential start of the next bull run amid growing investor anticipation of a major Ethereum upgrade. Go to Source
WSJ Report Claims Tether Faces US Federal Inquiry on Alleged AML Charges
According to an exclusive report by the Wall Street Journal, the U.S. federal government is allegedly examining the cryptocurrency and stablecoin company Tether for potential breaches of sanctions and anti-money-laundering regulations, according to unnamed sources close to the investigation. This criminal probe, reported by the Journal’s Angus Berwick, Vivian Salama, and Ben Foldy is said … Read more
Wintermute to take Ethena’s USDe as trading margin
Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades. Go to Source
Tether Proposes Establishing Tokenized Boron Commodity Markets in Turkey
Tether is reportedly seeking to expand its operations into tokenization markets in Turkey. According to sources familiar with the matter, the company is in talks to revamp the country’s boron markets by utilizing tokenization and establishing a national exchange for boron transactions. Tether Pitches Boron Tokenization Proposal in Turkey Tether, one of the largest cryptocurrency … Read more
Tether proposes boron-backed tokens to Turkey’s government
Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals. Go to Source
US ‘dropping the ball’ on crypto, but that should change soon: Tether CEO
Tether CEO Paolo Ardoino says the US has been lagging on crypto laws but thinks that could soon change after the November elections. Go to Source
Cryptocurrency Transactions’ Volumes Spike Nearly 25% in Brazil
The volume of cryptocurrency transactions in Brazil has yet again registered record numbers. According to figures offered by the Brazilian IRS equivalent, volumes grew 24.2% compared to last year, reaching over $43.5 billion between January and September 2024. Stablecoin volumes were significant, with Tether’s USDT leading the charge. The leading stablecoin registered volumes of $27.4 … Read more